Step by Step Trading Bot on Trading View: A Comprehensive Guide

To create a trading bot on Trading View, you'll need to set up a Pine Script. This is a programming language specifically designed for creating trading indicators and strategies.

First, navigate to the Pine Editor in Trading View. This is where you'll write your trading bot's code.

Next, create a new Pine Script by clicking on the "New Pine Script" button. Give your script a name and description to help you identify it later.

Now, start coding your trading bot by defining its inputs and outputs. This will determine what data your bot will use to make trading decisions.

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A TradingView bot is essentially a script that uses PineScript, TradingView's own language, to create a set of predefined conditions.

TradingView scripts can be either standalone indicators or complete strategies that can be applied to any chart, such as a grid trading bot.

These scripts can be used to control trading ideas and even learn how to write a crypto trading bot.

TradingView provides detailed results for these strategies, making it easier to test and refine them.

To automate a TradingView strategy, you can link a TradingView alert to a platform like Binance using a tool like Wall Of Traders.

This allows you to create a bot that can auto-trade on Binance based on your TradingView strategy.

You can start by going to Wall Of Traders, clicking on Smart Trading, and then on TradingView Signal.

From there, you can click on "Webhook URL" and paste the data previously copied to Wall Of Traders in Webhook URL.

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To set up a trading bot on TradingView, you can use the PineScript language to create a set of predefined conditions. These conditions can be applied to any chart, such as a grid trading bot.

You can link a TradingView alert to Binance using Wall Of Traders to automate trading strategies. To do this, go to Wall Of Traders, click on Smart Trading, and then on TradingView Signal.

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You can create a trading bot by adding an indicator to your chart, such as the RSI. Right-click the RSI curve, then click "add an RSI alert".

To create a trading bot from Ichimoku, add an indicator to your chart, such as Ichimoku. Right-click the curve of the Ichimoku, then click "add an alert on Ichimoku".

A long-only trading bot can be created by defining a strategy that buys a given asset whenever a fast-moving average crosses a slow-moving average from below. The fast-moving average uses fewer bars to calculate the average, while the slow-moving average uses more bars.

The strategy will trade based on 1-minute price bars and can trade multiple assets at once. It can also fetch live and up-to-date data from a Yahoo Finance and keeps track of each asset's holdings.

Here are the key features of a trading bot:

You can create a set of predefined conditions using PineScript, TradingView's own language, to create a trading bot.

TradingView scripts can be standalone indicators or complete strategies that can be applied to any chart, such as a grid trading bot.

With Wall Of Traders, you can set up automated trading rapidly and easily.

To automate a TradingView strategy, link a TradingView alert to Binance using Wall Of Traders.

You can create a trading bot from an RSI indicator by adding it to your chart and setting up an RSI alert.

The same process applies to creating a trading bot from an Ichimoku indicator, where you add the indicator to your chart and set up an alert.

Your trading strategy will run automatically, 24/7, and you'll get email notifications every time a trade is executed.

Wall Of Traders provides a detailed log of all alerts processed, so you can review them anytime.

To set up a trading bot, you'll need to go to Wall Of Traders, click on Smart Trading, and then on TradingView Signal.

You'll then need to click on "Webhook URL" and paste the data previously copied to Wall Of Traders in Webhook URL.

In the TradingView Signal settings, you'll find 4 options, but be sure to uncheck "Once only" to create a bot, not just an alert.

You can also set up a trading bot to run "Once per bar", which will create a new bot for each bar.

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Alerts are a crucial part of creating a trading bot on TradingView, as they allow you to automate trades without programming in PineScript.

To set up alerts, you'll need to go to your strategy's Alerts section in TradingView.

Use Tickerly's standard alert message template from your exchange connection list to create the alerts.

Here's a step-by-step guide to setting up alerts:

TradingView alerts notify you when conditions are met and let you know when a script enters or exits a situation.

Testing is a crucial step before going live with your trading bot on TradingView. Test everything with Tickerly's Manual Alert feature to ensure your strategy connects properly.

This feature lets you trigger trades manually, which is a great way to catch any potential issues. You can also use it to fine-tune your strategy and make any necessary adjustments.

If all goes smoothly during testing, you're good to go live and start executing your trades automatically.

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The Advanced Trading Bot features are where things get really interesting. You can set a minimum time interval after a trade was opened that no new trades will open up, known as 'Cooldown Between Open Trades'. This means even if an alert is triggered during that time period, a new trade will not be opened.

You can also set a minimum time interval after a trade was closed that no new trades will open up, known as 'Cooldown After Trade Close'. This setting allows you to control the maximum number of simultaneous cycles for your trading bot, with no more than 3 trades opening up simultaneously on the same symbol (for the same direction) per exchange account.

To take your trading bot to the next level, you can also define the total number of trades that will be created by the bot before it is automatically deactivated. This is done by setting 'Number of Trades Until Bot Stop'.

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To create a trading strategy, you'll need to define your entry, exit, and position management rules. This is where you'll decide how your bot will make trades.

You can write your own strategy in Pine Script or grab one from the public TradingView library. TradingView offers two types of scripts: indicators and strategies. Indicators give market analysis but don't trigger trades.

Strategies, however, do trigger trades. You can adjust the settings of your strategy, such as stop losses, take profit levels, and position sizes. This will help you refine your bot's trading decisions.

To set up your strategy script on TradingView, you'll need to click on "Webhook URL" and paste the data previously copied to Wall Of Traders in Webhook URL and Message. This is a crucial step in linking your strategy to your bot.

Remember, your strategy script is where you'll define the rules for your bot to follow. It's essential to get this right if you want your bot to make informed trading decisions.

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The Advanced settings for your trading bot are where things get really interesting. You can set a minimum time interval after a trade is opened before a new trade will open up, which helps prevent over-trading. This is known as 'Cooldown Between Open Trades'.

You can also set a minimum time interval after a trade is closed before a new trade will open up. This is known as 'Cooldown After Trade Close'. This feature helps prevent over-trading and gives your bot a chance to rest.

Another key feature is 'Number of Trades Until Bot Stop', which allows you to define the total number of trades that will be created by the bot before it is automatically deactivated. This helps prevent your bot from running wild and accumulating too many positions.

For more control, you can also set 'Number of Simultaneous Trades', which limits the maximum number of simultaneous cycles for your trading bot. This ensures that no more than 3 trades will open up simultaneously on the same symbol (for the same direction) per exchange account (client).

To create a TradingView bot, you can use the platform's scripting language, PineScript, to set up a set of predefined conditions.

You can create a standalone indicator or a complete strategy that can be applied to any chart, such as a grid trading bot.

TradingView provides detailed results for this strategy, and you can try to create it using a ChatGPT TradingView bot.

To automate a TradingView strategy, you need to link a TradingView alert to Binance using a tool like Wall Of Traders.

Go to Wall Of Traders, click on Smart Trading, and then on TradingView Signal.

Click on "Webhook URL" and paste the data previously copied to Wall Of Traders in Webhook URL.

You can also create a trading bot from an indicator like RSI by adding it to your chart and right-clicking on the RSI curve.

Click "add an RSI alert" and then go to Wall Of Traders to set up your bot.

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In Wall Of Traders, go to "My Trades" and then "Bot TradingView" to find your bot.

You will find 4 options, and you should not check "Once only" as this will only create an alert and not a bot.

You can also create an automated Ichimoku trading robot by adding an indicator to your chart and right-clicking on the Ichimoku curve.

Click "add an alert on Ichimoku" and then click on "Webhook URL" to paste the data previously copied to Wall Of Traders.

You can write your own strategy script in Pine Script or grab one from the public TradingView library.

Adjust the settings of your strategy, such as stop losses, take profit levels, and position sizes, to refine your trading bot.